March 19, 2013
Little or no change expected from FOMC statement tomorrow
Most of the big banks are agreed that Mr Bernanke won't be making any major changes this time,…
March 19, 2013
Rio Tinto sees slowing demand for iron ore
The other big Australian miner sees demand slowing and prices falling in the iron ore market in H2.…
March 19, 2013
AUD/USD: Local hedge fund sells above 1.0390
One of the big Asian banks put out a bearish piece on the AUD in the last few hours and one of our…
March 19, 2013
USD/JPY takes out overnight highs but more sell orders reported
Quite heavy turnover today in USD/JPY with Japanese buyers working through hedge fund offers. There…
March 19, 2013
Asian market open
You can click through here and read my full opening comments on FX Street.
March 19, 2013
JPY interbank flow reports
Flows and OrdersJPY crossesUSD/JPY
Hedge funds are currently buying back Yen short positions, mainly against the EUR and the USD.…
March 19, 2013
Early morning snippets
EUR crossesFlows and OrdersUSD/JPYOpen/WrapAUD,NZD
USD/JPY: So-called 'clever money' seen selling at 95.00 and 95.50 overnight. BOJ changing of guard…
March 18, 2013
Europe squeezing weak intraday shorts
Looks like the European market isn't as bearish as Asia was and we are seeing a squeeze of intraday…
March 18, 2013
EUR/USD: Trailing stops building above 1.2930
Technical support is at 1.2870/75 and that is likely to attract some bids, with the liklihood of…
March 18, 2013
EUR/JPY: Back under pressure again
Hedge funds were selling USD/JPY earlier today as it approached 95.00 and liquidity was very poor…
March 18, 2013
Big players take stock before deciding on next step
When we get a big event like the Cypriot bank bail-out, the major banks click into overdrive. All…
March 18, 2013
EUR/USD: Still looking very soft
All of the major banks seem to be aligned, that we will not get any major fall-out from the events…
March 18, 2013
Cable: Range-bound with rally-selling bias
Trade IdeasGBP crossesTechnical Analysis
With EUR/GBP now starting to retrace pretty significantly, cable should find plenty of support on…
March 18, 2013
Liquidity remaining pretty poor
There are not many flows going through according to local dealers but even small amounts are…
March 18, 2013
Bank analyst reactions to developments in Cyprus
Many thanks Rich for the excellent synopsis of 9 major bank analysts and their take on the weekend…
March 18, 2013
EUR/JPY: Risk definitely turned to downside
I'm glad I closed out all my positions last week and my premonition that something was about to…
March 18, 2013
EUR/USD: Barrier protection at 1.2900
A local hedge fund tells me that there was talk on Friday of a barrier at 1.2900 which looks to be…
March 18, 2013
Asian market open
You can click through here and read my full opening commentary on FX Street.